LONDON—The Climate Investment Funds has launched a distinct partnership of leading clean energy organizations and six of the largest multilateral development banks aimed at bolstering technical assistance to drive scaled-up, low-carbon investments. It is yet another step CIF is taking to bring together key stakeholders to share lessons and align support to accelerate the energy transition in developing countries.
This unique coalition supports the CIF Technical Assistance Facility for Clean Energy Investment (CIF-TAF), which offers dedicated support for strengthening policy and regulatory frameworks, building stakeholder capacity, and pioneering new business models and instruments in developing countries.
The sum of these efforts will maximize impact, avoid duplication, and ensure efficient use of resources on the ground through:
The partnership comprises organizations from the public and private sectors, including:
Learn more about CIF-TAF:
About CIF
Marking more than ten years of climate action, the $8 billion Climate Investment Funds is among the largest multilateral climate financing instruments in the world. CIF provides developing countries financing for climate-resilient and low-carbon development. These grants, concessional loans, risk mitigation instruments, and equity leverage significant financing from the private sector, multilateral development banks (MDBs), and other sources. Five MDBs—the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), and World Bank Group (WBG)—implement CIF-funded projects and programs.
Media contact
Scott Vincent Andrews
E: sandrews3@worldbank.org
T: +1 (202) 458-9562